01:39 PM EDT, 07/08/2024 (MT Newswires) -- Tech stocks were gaining Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.7% and the SPDR S&P Semiconductor ETF (XSD) up 2.1%.

The Philadelphia Semiconductor index climbed 1.9%.

In corporate news, Brookfield Infrastructure Partners ( BIP/PA )-backed (BIP) Data4 is mulling a $2 billion debt deal, Bloomberg reported Monday. Brookfield shares rose 0.4%.